VST Tillers Tractors (BOM:531266) Inventory Turnover : 1.56 (As of Mar. 2024)

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What is VST Tillers Tractors Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. VST Tillers Tractors's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,843 Mil. VST Tillers Tractors's Average Total Inventories for the quarter that ended in Mar. 2024 was ₹1,178 Mil. VST Tillers Tractors's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. VST Tillers Tractors's Days Inventory for the three months ended in Mar. 2024 was 58.33.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. VST Tillers Tractors's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

VST Tillers Tractors Inventory Turnover Historical Data

The historical data trend for VST Tillers Tractors's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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VST Tillers Tractors Inventory Turnover Chart

VST Tillers Tractors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.34

4.92

5.62

6.76

5.83

VST Tillers Tractors Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.04	1.56	1.39	0.87	1.56

VST Tillers Tractors Inventory Turnover Calculation

VST Tillers Tractors's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	6575	/ (	(1079.086	+	1178.031)	/	2 )
=	6575	/	1128.5585
=	5.83

VST Tillers Tractors's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1842.9	/ (	(0	+	1178.031)	/	1 )
=	1842.9	/	1178.031
=	1.56

VST Tillers Tractors (BOM:531266) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

VST Tillers Tractors's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1178.031	/	1842.9	*	365 / 4
	=	58.33

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

VST Tillers Tractors's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1178.031	/	2734.4
	=	0.43

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

VST Tillers Tractors Inventory Turnover Related Terms

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VST Tillers Tractors (BOM:531266) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » VST Tillers Tractors Ltd (BOM:531266) » Definitions » Inventory Turnover

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Traded in Other Exchanges

VSTTILLERS:India

Address

Whitefield Road, Plot No. 1, Dyavasandra Industrial Layout, Mahadevapura Post, Bengaluru, KA, IND, 560048

Website

https://www.vsttractors.com

VST Tillers Tractors Ltd is in the business of manufacturing and trading of the agricultural, plantation, and horticultural machinery and components. Its products are power tillers and tractors, transplanters, binders, reapers, engines, precision/ auto components, and agricultural implements. The company mainly operates in India and exports its products to Africa, Netherlands, Poland, and Other countries. The company derives all of its revenue from the manufacturing and trading of the agriculture machinery segment.

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